The Epstein files revive an old Bitcoin question: Who really created BTC?

ambcryptoPublished on 2026-02-02Last updated on 2026-02-02

Abstract

The release of the Epstein files, including 3.5 million pages of records, revealed his 2016 attempt to broker a deal involving a proposed Middle Eastern fiat currency called "the Sharia," which included a blockchain-based digital version. Epstein claimed to be in contact with the "founders of Bitcoin," using the plural term and reigniting speculation about Bitcoin's creation. The files also show Epstein donated $525,000 to MIT’s Digital Currency Initiative, which funded Bitcoin Core developers. Despite his efforts to position himself as influential in crypto circles, the open-source and decentralized nature of Bitcoin prevents any single entity from controlling it. The episode underscores how emerging technologies attract power-seeking figures but remain resistant to centralized manipulation.

The release of the Epstein files on the 30th of January has sent shockwaves through the financial and tech worlds.

Under the Epstein Files Transparency Act, the Department of Justice (DOJ) published a staggering 3.5 million pages of records, providing a sneak peek into how Jeffrey Epstein maintained a shadow network of influence long after his 2008 conviction.

Among the most bizarre revelations are his 2016 a ttempts to broker a deal involving the “founders of Bitcoin” and a new Middle Eastern currency.

The Sharia currency attempt

Deep within the DOJ dump, specifically in “Data Set 9”, investigators found a series of emails from October 2016.

In these messages, Epstein pitched a financial project to Saudi Arabian royals and high-level financiers.

He proposed a fiat currency called “the Sharia,” designed for internal use within the Muslim world.

The proposal was of a physical currency stamped with “In God We Trust,” mimicking the U.S. Dollar but tailored to Islamic religious sensibilities.

However, the shocking twist was the backend technology.

Epstein suggested a digital version of this currency powered by blockchain, claiming he was in direct contact with the “founders of Bitcoin” who were very excited about the project.

Multiple Satoshi theory

Additionally, Epstein’s use of the plural “founders” has reignited the long-running debate over the identity of Satoshi Nakamoto.

For years, crypto enthusiasts have argued that Bitcoin [BTC] may have been created by a group rather than a single individual.

Although Epstein’s emails offer no definitive proof, they show that he actively tried to position himself as a gatekeeper to the anonymous creators of the world’s largest cryptocurrency.

Beyond the sensational emails, the files also reveal how Epstein sought to exert influence in more concrete ways.

Between 2013 and 2017, he donated approximately $525,000 to the MIT Media Lab, directing the funds toward the Digital Currency Initiative (DCI).

After the Bitcoin Foundation collapsed in 2014, the DCI became the primary paymaster for several Bitcoin Core developers.

While Epstein never controlled Bitcoin’s decentralized code, the records make that clear.

They also show that he operated within institutional circles where key discussions about the technology’s future were taking place.

Is crypto in danger?

Yet, the breather here is that despite the alarming headlines, crypto faces no real threat.

The 2026 DOJ release highlights Epstein’s exaggerated sense of influence rather than any genuine flaw in blockchain technology.

Needless to say, Bitcoin operates as an open-source system wherein thousands of independent developers actively review and maintain it.

This structure prevents any single donor, regardless of wealth or notoriety, from secretly altering the code or installing a backdoor.

Thus, the episode shows how power-seeking figures often try to attach themselves to emerging technologies, only to learn they cannot control them.


Final Thoughts

  • Claims of knowing Bitcoin’s creators matter less than why such claims carried value in elite financial circles.
  • The failed “Sharia” currency shows how people often misunderstand what new technologies are really designed to do.

Related Questions

QWhat did the Epstein files reveal about his involvement with cryptocurrency and the 'founders of Bitcoin'?

AThe files revealed that in 2016, Epstein attempted to broker a deal involving the 'founders of Bitcoin' to create a new digital currency called 'the Sharia' for the Muslim world, and he claimed to be in direct contact with them.

QWhat was the name of the proposed currency Epstein pitched to Saudi Arabian royals, and what was its intended purpose?

AEpstein proposed a fiat currency called 'the Sharia,' which was a physical currency stamped with 'In God We Trust' and designed for internal use within the Muslim world, with a digital version powered by blockchain technology.

QHow did Epstein's use of the word 'founders' (plural) impact the debate around Bitcoin's creation?

AHis use of the plural 'founders' reignited the long-running debate over whether Bitcoin was created by a group of people rather than a single individual, Satoshi Nakamoto.

QWhat financial connection did Epstein have with the MIT Media Lab, and how was it related to cryptocurrency?

ABetween 2013 and 2017, Epstein donated approximately $525,000 to the MIT Media Lab, directing the funds to the Digital Currency Initiative (DCI), which became the primary paymaster for several Bitcoin Core developers after the Bitcoin Foundation collapsed.

QAccording to the article, why does the Epstein revelation not pose a real threat to Bitcoin or cryptocurrency?

ABitcoin operates as an open-source system maintained by thousands of independent developers, which prevents any single individual or donor from secretly altering the code or controlling the technology, highlighting that Epstein's influence was exaggerated.

Related Reads

The Second Half of Macro Influencer Fu Peng's Career

Fu Peng, a prominent Chinese macroeconomist and former chief economist of Northeast Securities, has joined Hong Kong-based digital asset management firm Bitfire Group (formerly New Huo Group) as its chief economist. This move, announced in April 2026, triggered an 11% surge in Bitfire's stock price. Fu, known for his accessible macroeconomic commentary and large social media following, will focus on integrating digital assets into global asset allocation frameworks, particularly combining FICC (fixed income, currencies, and commodities) with cryptocurrencies for institutional clients. His career includes roles at Lehman Brothers and Solomon International, with significant influence gained through public communication. However, in late 2024, Fu faced temporary social media bans after a controversial private speech at HSBC on China's economic challenges, though he denied regulatory sanctions. He later left Northeast Securities citing health reasons. Bitfire, a licensed virtual asset manager serving high-net-worth clients, seeks to build trust and attract traditional capital through Fu’s expertise and credibility. The partnership represents a strategic shift for both: Fu enters the crypto sector after a traditional finance peak, while Bitfire aims to leverage his macro framework for institutional adoption. Outcomes remain uncertain regarding capital inflows and compatibility within corporate structure.

marsbit5m ago

The Second Half of Macro Influencer Fu Peng's Career

marsbit5m ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片